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ReadtheMarket - Supply and Demand with Price Action

  • #6,041
  • Apr 18, 2020 12:01am Apr 18, 2020 12:01am
i think this strategy from mansor sapari,so anyone please tell me who the creater of this strategy?ifmyante or mansor sapari?
  • #6,042
  • Apr 18, 2020 3:41am Apr 18, 2020 3:41am
Quoting bocet
i think this strategy from mansor sapari,so anyone please tell me who the creater of this strategy?ifmyante or mansor sapari?
And I am a creator of breakout strategy.
RIP RTM
  • #6,043
  • Apr 18, 2020 5:00am Apr 18, 2020 5:00am
Quoting hendzwoter
{quote} And I am a creator of breakout strategy.
haha funny
  • #6,044
  • Apr 18, 2020 8:18am Apr 18, 2020 8:18am
Hey guys, can anybody help me with ifmyante template thanks
  • #6,045
  • Apr 18, 2020 8:38am Apr 18, 2020 8:38am
Quoting bocet
i think this strategy from mansor sapari,so anyone please tell me who the creater of this strategy?ifmyante or mansor sapari?
Does it matter?
RIP RTM - long live Nonsense Trading
  • #6,046
  • Apr 18, 2020 12:41pm Apr 18, 2020 12:41pm
Quoting ahdat
{quote} Does it matter?
Great question.
  • #6,047
  • Edited 4:54pm Apr 18, 2020 2:39pm | Edited 4:54pm
Guys sorry, can someone explain me what is the difference from FTR and FL?

Let me know if i have understood:
Once price create a FTR after Engulf - FTR - Engulf, when price return to the FTR , the range created is the FL.. is that right?
  • #6,048
  • Apr 19, 2020 10:58am Apr 19, 2020 10:58am
Quoting Mattsmooked
Guys sorry, can someone explain me what is the difference from FTR and FL? Let me know if i have understood: Once price create a FTR after Engulf - FTR - Engulf, when price return to the FTR , the range created is the FL.. is that right?
Upper box is FL
Lower box is FTR
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-04-19-22-57-51-368_net.metaquotes.metatrader4.jpg Size: 274 KB
RIP RTM
  • #6,049
  • Apr 19, 2020 11:02am Apr 19, 2020 11:02am
Ok so are the same thing but are timeframe dipendent? I mean, after engulf, the price should do an FTR and then engulf again. The ftr in lower timeframe should be a flag limit because are more candles that retrace.. Am i right?
  • #6,050
  • Apr 19, 2020 2:29pm Apr 19, 2020 2:29pm
Quoting Mattsmooked
Ok so are the same thing but are timeframe dipendent? I mean, after engulf, the price should do an FTR and then engulf again. The ftr in lower timeframe should be a flag limit because are more candles that retrace.. Am i right?
Both stand on their own scale.
RIP RTM
  • #6,051
  • Apr 20, 2020 12:18pm Apr 20, 2020 12:18pm
Quoting XXXXFactTree
{quote} In this case I would look at the obvious supply level where you were expecting to sell from and think that this is a great place for the ITs to find liquidity just above (taking the stop losses of people thinking the same as you). So if we have a possible selling zone directly above a nice, obvious high like that (which will line up with another high to the left, more or less) then that is a BSZ. The stops are taken, and we use the next zone up to sell from. That's how I understand it anyway, though my experience is limited
Sorry for late reply factTree.

I completely agree, it was a BSZ trade in hindsight. The question is how do we determine if it the entry will be FO or it will be LSK.

I can of course just choose the FO everytime but then i would be missing many trades. Picking LSK everytime will make my RR horrible.

I have been stuck for a few weeks trying to figure this one. Of course the answer is to see where is the orders but still, its a very simplified one.

Cheers
Ask, and it is given. Every single time, no exceptions.
  • #6,052
  • Apr 20, 2020 12:35pm Apr 20, 2020 12:35pm
Quoting beefStew
{quote} Sorry for late reply factTree. I completely agree, it was a BSZ trade in hindsight. The question is how do we determine if it the entry will be FO or it will be LSK. I can of course just choose the FO everytime but then i would be missing many trades. Picking LSK everytime will make my RR horrible. I have been stuck for a few weeks trying to figure this one. Of course the answer is to see where is the orders but still, its a very simplified one. Cheers
No worries. Those are the million dollar questions aren't they!

I'm about to start using Forex Tester 3 to forward test a method I've been back testing recently. Basically look for H4 LS levels, and find the kink (LSK) of those, which will be a flag limit from the past, and then await LTF engulfs to signal a trade. Given that a bounce from a FL may be very small in some cases, the MM side of things will involve closing half at the closest trouble area (small flag on approach maybe) and let the rest run to the next FL+spread.

I dread forward testing as it's so much harder to get right than back testing lol. I'm going in.....
Call me FT if it's easier. Still demo trading.
  • #6,053
  • Apr 20, 2020 10:27pm Apr 20, 2020 10:27pm
Will high impact news (or any news for that sake) impact the setup or the news will only take the price faster to the entry point or take price faster to the target?
  • #6,054
  • Apr 20, 2020 11:48pm Apr 20, 2020 11:48pm
Quoting DragonChaser
Will high impact news (or any news for that sake) impact the setup or the news will only take the price faster to the entry point or take price faster to the target?
Yes it often sets up before news. There are several common behaviors before, during, and after news. You should go back and study past events
RIP RTM - long live Nonsense Trading
  • #6,055
  • Apr 21, 2020 4:34am Apr 21, 2020 4:34am
I believe supply and demand.
And Quasimodo.
And touch trading.

I say it now cause before...
I said that RTM is not supply and demand thread.
And yes.
I am wrong.
There is nothing wrong to trade supply and demand.
It is a good start.
RIP RTM
  • #6,056
  • Apr 21, 2020 5:29am Apr 21, 2020 5:29am
Quoting ahdat
{quote} Yes it often sets up before news. There are several common behaviors before, during, and after news. You should go back and study past events
Would you agree that WTI(cfd) was a good example? ENG around 03/20, retracement, rallied, followed by the news https://www.bloomberg.com/opinion/articles/2020-04-02/trump-s-10-million-oil-barrel-tweet-is-performance-art for extra boost.
  • #6,057
  • Apr 21, 2020 8:01am Apr 21, 2020 8:01am
Quoting Enlightenme
{quote} Would you agree that WTI(cfd) was a good example? ENG around 03/20, retracement, rallied, followed by the news https://www.bloomberg.com/opinion/articles/2020-04-02/trump-s-10-million-oil-barrel-tweet-is-performance-art for extra boost.
Ahh not in front of a computer but probably. All major news events are good examples
RIP RTM - long live Nonsense Trading
  • #6,058
  • Apr 21, 2020 9:36am Apr 21, 2020 9:36am
Hey guys, does anybody know why this trade failed cause I'm not sure
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  • #6,059
  • Apr 21, 2020 10:43am Apr 21, 2020 10:43am
Quoting D-alpha
Hey guys, does anybody know why this trade failed cause I'm not sure {image}

Ignored level, they make it a little difficult :
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Both Target and Origin down are engulfed inside the FL :
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And ignored level holded it back just perfectly :
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  • #6,060
  • Apr 21, 2020 11:55am Apr 21, 2020 11:55am
Here's my hindsight take on GBPJPY around that time. Not sure how valid this is:

Attached Image (click to enlarge)
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Call me FT if it's easier. Still demo trading.
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